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On October 1, 2019, Fashion Jewelers accepted a 5-month, 11% note for 88,500 in settlement of an overdue account receivable. The accounting period ends on

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On October 1, 2019, Fashion Jewelers accepted a 5-month, 11% note for 88,500 in settlement of an overdue account receivable. The accounting period ends on December 31 Calculate the accrued interest on the note at December 31, 2019. (Round your final answer to the nearest dollar) $234 $390 5935 $206 On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $41,100,000. Tyson's management expects to use the machine for 32.000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is 547,000. The machine was used for 4,000 hours in 2018 and 6.000 hours in 2019. What is the depreciation expense for 2019 if the corporation uses the units of production method of depreciation? $7,697,438 $13,705,627 $5,131,625 56,697,460 VINNU The cost of an asset is $1,000,000, and its residual value is $160,000. Estimated useful life of the asset is five years. Calculate depreciation expense for the second year using the double-declining balance method of depreciation. $201.600 S172,000 $240,000 $244.800

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